Posts Tagged ‘inflation’

Every year, my class meets Harriet Shaw through a PBS NewsHour broadcast from 1991. An economic assistant for the Bureau of Labor Statistics (BLS), she is a professional shopper who tracks prices. In the newscast, we follow her up and down store... [read more]

At the official exchange rate, Venezuelans pay 5 cents a gallon for premium gasoline while the real price is closer to one half penny a gallon. The dark purple country at the northern tip of South America (below), Venezuela has the cheapest gas in the world.... [read more]

Something is very wrong with this graph from CNBC: During 2011, Thanksgiving dinner prices totaled $49.20. In 2012 the number was $49.48. Did the cost of the holiday dinner rise by 28 cents? Or, as CNBC said in its headline, did “Thanksgiving... [read more]